Ep 162 - What is an insurance valuation report #strata

An insurance valuation tells the body corporate’s insurance provider what the correct building sum insured (BSI) is for a scheme at any one point in time. They do go stale so it is an important document to keep updated. Legislation says to get one every 5 years but where the building industry is in a state of flux I normally suggest it every 2-3 years.